inDrive boosts youth entrepreneurship, student empowerment with “Level Up Your Drive” & “Startup Fest” in Ibadan

Business a.m.  inDrive, a global mobility and urban services platform, has reaffirmed its commitment to youth entrepreneurship and empowerment in Nigeria by supporting two groundbreaking initiatives, the “Level Up Your Drive” program and Startup Fest in Ibadan, to empower youth and provide fair mobility. According to Timothy Oladimeji, the country representative for inDrive in Nigeria, […]

NIMASA insists $360m sabotage cash intact amid misappropriation concerns

NIMASA opens e-platform for maritime labour registration, data collection

Onome Amuge The Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria’s apex maritime regulatory agency, has dismissed any concerns surrounding the integrity of the over $360 million Cabotage Vessel Financing Fund (CVFF).  Dayo Mobereola, the agency’s director general, assured stakeholders that the fund remains intact and is scheduled to be disbursed to qualified indigenous shipowners, […]

Rivers State, SIX-EV charge ahead with electric 3-Wheelers, buses to boost transport system

Business a.m. Frank Omene, board member, Six-EV, and  Dagogo Israel Iboroma, attorney general, Rivers State, the representative of Rivers State governor, at the signing of the electric transport deal SIX-EV, an e-mobility company dedicated to transforming African transportation through innovative, environmentally-friendly solutions, has inked a Memorandum of Agreement (MoA) with the Rivers State Government, led […]

Soaring airfares shut out Nigerians from domestic flights

Govt must address multiple taxation to save aviation industry- Aero Contractor CEO Onome Amuge Ado Sanusi, MD/CEO, Aero Contractors Company of Nigeria Ltd   The onset of November signals the approach of the holiday season, but the domestic aviation industry in Nigeria is facing a challenging time, with high airfares putting a damper on holiday […]

Maritime sector loses $2.5 billion to ICTN delays, stakeholders urge swift action

Joy Agwunobi The Nigerian Shippers Council has reported that the country’s economy has incurred a huge loss of about $2.5 billion over the past five years, roughly $500 million annually, due to delays in the implementation of the International Cargo Tracking Notes (ICTN) system. This revelation was brought forward by Pius Akutah,  the Council’s Executive […]

Maritime sector anchors hopes on private investment, national policies for ship financing

Business a.m. Nigeria’s maritime industry stakeholders have raised their collective voice, urging policymakers and private sector players to implement stronger national policies and increased investments, particularly in the capital-intensive vessel construction and acquisition sector. The stakeholders issued a rallying cry for stronger national policies and increased private sector investments to tackle the industry’s financial challenges […]

Africa’s railways revival: $90bn Afrail Express, other projects create huge demand for engineering manpower

Robust higher education response required Has lowest engineers per capita – UNESCO Nigeria not in Int’l Engineering Alliance Ben Eguzozie The scale of railway projects currently taking place in Africa is creating a huge demand for skilled engineering manpower and human resources at all levels of the rail sector across the continent. Sadly, the continent […]

Lekki Port seeks unified effort to unlock maritime industry’s untapped potential 

Joy Agwunobi Laurence Smith, the chief operating officer of the Lekki Port, has issued a  call to stakeholders across Nigeria’s maritime sector, urging a concerted and collaborative effort to unlock the industry’s vast potential. Speaking at the BusinessDay Maritime Conference 2024, Smith delivered a keynote address on “Nigerian Maritime: Unlocking Potential, Overcoming Challenges,” where he  […]

FG suspends controversial Nigeria Air indefinitely over fraudulent activities

Festus Keyamo, the minister of aviation and aerospace development,  said the Nigerian government has suspended indefinitely the Nigeria Air national carrier project, initially introduced by the Muhammadu Buhari administration. Keyamo, during a press briefing at the ministerial sectoral update in Abuja, condemned the project as fraudulent, adding to the existing criticism and uncertainty surrounding the […]